Goldman Sachs Expected to Report $11.65 EPS on $13.79 Billion Revenue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 15h ago
0mins
Source: Benzinga
- Goldman Sachs Earnings Forecast: Wall Street anticipates Goldman Sachs Group Inc. (NYSE:GS) will report earnings of $11.65 per share and revenue of $13.79 billion before the market opens, although its stock slipped 0.4% to $928.99 in after-hours trading, indicating cautious market sentiment.
- Calavo Growers Acquisition Plan: Mission Produce announced plans to acquire Calavo Growers Inc. (NASDAQ:CVGW) at $27 per share, leading to a 12.9% increase in Calavo's stock price to $25.50 in after-hours trading, reflecting positive market reception to the deal.
- Morgan Stanley Earnings Expectations: Analysts expect Morgan Stanley (NYSE:MS) to post earnings of $2.44 per share and revenue of $17.76 billion before the market opens, with its stock rising 0.1% to $181.00 in after-hours trading, suggesting investor optimism about its future performance.
- TSMC Profit Surge: Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) reported a 35% increase in profit for the fourth quarter, with net profit reaching T$505.7 billion ($16 billion), marking its seventh consecutive quarter of double-digit growth, as its stock gained 0.3% to $328.00 in after-hours trading, highlighting its strong position in the semiconductor industry.
Analyst Views on BLK
Wall Street analysts forecast BLK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLK is 1356 USD with a low forecast of 1244 USD and a high forecast of 1486 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 1091.850
Low
1244
Averages
1356
High
1486
Current: 1091.850
Low
1244
Averages
1356
High
1486
About BLK
BlackRock, Inc. is an investment management company. The Company provides a range of investment management and technology services to institutional and retail clients. Its diverse platform of alpha-seeking active, private markets, index and cash management investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives, and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds, separate accounts, collective investment funds and other pooled investment vehicles. It also offers technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, and Cachematrix, as well as advisory services and solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
